Brief: Hovnanian Enterprises Posts Q3 EPS Of $0.63

Hovnanian Enterprises

04/06/2020 14:26

June 4 (Reuters) - Hovnanian Enterprises Inc  HOV.N :
    * HOVNANIAN ENTERPRISES REPORTS FISCAL 2020 SECOND QUARTER
RESULTS
    * Q2 EARNINGS PER SHARE $0.63
    * Q2 REVENUE ROSE 22.2 PERCENT TO $538.4 MILLION
    * HOVNANIAN ENTERPRISES - IN RESPONSE TO COVID-19,
STREAMLINING
OUR ORGANIZATIONAL STRUCTURE AND REDUCING OUR WORKFORCE
    * HOVNANIAN - EXPECT STEPS TO REDUCE WORKFORCE, STREAMLINE
STRUCTURE TO RESULT IN ABOUT $20 MILLION IN ANNUAL OVERHEAD
SAVINGS BEGINNING IN FISCAL 2021
    * HOVNANIAN - REMAIN CONFIDENT THAT WE CAN PURSUE LONG-TERM
GROWTH
PLANS & STILL MAINTAIN LIQUIDITY WITHIN TARGETED RANGE OF $170
MILLION TO $245 MILLION

Source text for Eikon:  ID:nGNXbJwCqT 
Further company coverage:  HOV.N 

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